On the evening of 4 September, Chinese President Xi Jinping delivered a speech via video at the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing. Hu Xiaolian, Chairman of China Eximbank attended the Summit upon invitation.

　　As a major bank dedicated to supporting China’s foreign trade, investment and international economic cooperation, China Eximbank displayed in the Fair its advantages and achievements made in supporting foreign trade, cross-border investment, international cooperation and the building of an open economy. Themed on "facilitating the growth of import and export, promoting greater opening-up in the new era", the Bank presented its contributions to promoting global trade in services, ensuring stability on six fronts and maintaining security in six areas, fighting the COVID-19 pandemic, serving the building of an open economy of Beijing, and fulfilling social responsibilities through an onsite exhibition booth and online cloud platform.

　　In recent years, China Eximbank has actively followed the new trend of global trade development and explored measures to support new forms of foreign trade. On the basis of supporting key areas of trade in services, and focusing on supporting the "going global" endeavors of key enterprises and projects, the Bank is committed to facilitating the high-quality development of China’s trade in services. At the same time, the Bank has attached great importance to the transformation of economic development, the transformation and upgrading of foreign trade and the fostering of emerging industries, and taken concrete actions to promote international economic cooperation. Up to now, the Bank's outstanding balance of loans to trade in services has exceeded RMB1 trillion.

　　At the Fair, China Eximbank also set up a special section named "Fighting COVID-19" to demonstrate its efforts to thoroughly implement the policies and decisions made by the CPC Central Committee on stabilizing the overall performance of foreign trade and foreign investment. Since the outbreak of COVID-19, the Bank gave top priority to the tasks of stabilizing foreign trade and foreign investment in response to the pandemic and continued to increase credit support. By utilizing its new lending scheme and funds recollected from due loans, the Bank injected new impetus to foreign trade and foreign investment to ensure the stability of industrial chain and supply chain. Moreover, the Bank introduced a series of unconventional credit policies for the special period and set up a special credit review and approval team to ensure credit supply to foreign trade. In the first two quarters of the year, the Bank provided RMB904.7 billion in total to support the steady growth of foreign trade and foreign investment, up by 50.62% year on year.

　　Looking ahead, China Eximbank will continue to focus on its main responsibilities and businesses and fully leverage its role to contribute to the development and prosperity of global trade in services.